Hyde Tools Inc. today announced that it had promoted Robert Scoble, the company's executive vice president and COO, to become president. Scoble succeeds Richard M. Clemence, who will become chief executive officer.

Over the last five years, Scoble has been credited with strengthening the Hyde brand, recruiting significant new leadership and creating a new global sales and marketing team for the company," the Southbridge, Mass.-based company said in a statement. "He and his staff also have substantially increased the company's share of revenue derived from innovative new products."

The statement also said Clemence "will now focus on growing the value of the Hyde Group, the umbrella organization that includes Hyde Tools, Hyde Industrial Blade Solutions and A. Richard Tools of Berthierville, Quebec."